Mont Royal Resources : Update - Proposed issue of securities - MRZ

Proposed issue of securities

Update Summary

For personal use only

Entity name

MONT ROYAL RESOURCES LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

27/1/2022

Reason for update to a previous announcement

Change in timing of consideration shares for the acquisition of Northern Lights Minerals Pty Ltd.

Refer to next page for full details of the announcement

Proposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of +Entity

MONT ROYAL RESOURCES LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2	Registered Number Type	Registration Number
ACN	625237658
1.3	ASX issuer code
MRZ

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Change in timing of consideration shares for the acquisition of Northern Lights Minerals Pty Ltd.

1.4b Date of previous announcement to this update

23/11/2021

1.5 Date of this announcement

27/1/2022

1.6 The Proposed issue is:

A placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 7 - Details of proposed placement or other issue

only
	Part 7A - Conditions
		7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
		type of issue can proceed on an unconditional basis?
		Yes
use	7A.1a Conditions
Approval/Condition	Date for determination	Is the date estimated or	** Approval
		+Security holder approval	29/10/2021	actual?	received/condition met?
		Actual
						Yes
		Comments
personal
	P rt 7B - Issue details
		Is the proposed security a 'New	Will the proposed issue of this
		class' (+securities in a class that is	+security include an offer of
		not yet quoted or recorded by ASX)	attaching +securities?
		or an 'Existing class' (additional	No
		securities in a class that is already
		quoted or recorded by ASX)?
		Existing class
	Details of +securities proposed to be issued
For	ASX +security code and description
MRZ : ORDINARY FULLY PAID

Number of +securities proposed to be issued 5,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?

No

Proposed issue of securities

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use only

Proposed issue of securities

Please describe the consideration being provided for the +securities

Issue of shares for the acquisition of a 75% interest in Northern Lights Minerals Pty Ltd as set out in the Company's announcement dated 3 September 2021.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

1,000,000.000000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Is the proposed security a 'New	Will the proposed issue of this
class' (+securities in a class that is	+security include an offer of
not yet quoted or recorded by ASX)	attaching +securities?
or an 'Existing class' (additional	No
securities in a class that is already
quoted or recorded by ASX)?
Existing class

Details of +securities proposed to be issued
personal	ASX +security code and description
	MRZ : ORDINARY FULLY PAID
	Number of +securities proposed to be issued
	20,000,000
	Offer price details
	Are the +securities proposed to be issued being issued for a cash
	consideration?
	Yes
	In what currency is the cash	What is the issue price per
	consideration being paid?	+security?
For	AUD - Australian Dollar	AUD 0.20000
Will these +securities rank equally in all respects from their issue date with

the existing issued +securities in that class? Yes

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX)

Will the proposed issue of this +security include an offer of attaching +securities?

Proposed issue of securities

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Proposed issue of securities

		or an 'Existing class' (additional		No
		securities in a class that is already
		quoted or recorded by ASX)?
		New class
	Details of +securities proposed to be issued
only	ISIN Code (if Issuer is a foreign company and +securities are non CDIs)
		Have you received confirmation from		Will the entity be seeking quotation
		ASX that the terms of the proposed		of the 'new' class of +securities on
		+securities are appropriate and		ASX?
		equitable under listing rule 6.1?		No
use	No
ASX +security code		+Security description
		New class-code to be confirmed		Unlisted options with an exercise price of $0.35 and an expiry date of 3 years
				from date of issue.
		+Security type
		Options
personal	Number of +securities proposed to be issued
5,000,000
		Offer price details
		Are the +securities proposed to be issued being issued for a cash consideration?
		No
		Please describe the consideration being provided for the +securities
		Broker fee to act as lead manager to a capital raising as set out in the Company's announcement dated 3 September
		2021.
		Please provide an estimate of the AUD equivalent of the consideration being
		provided for the +securities
		215,000.000000
For	Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
	Options details
		+Security currency		Exercise price	Expiry date
		AUD - Australian Dollar		AUD 0.3500	22/10/2024
	Proposed issue of securities	5 / 7